Ashirwad Steels & Industries (BOM:526847) Interest Expense : ₹-0.63 Mil (TTM As of Mar. 2024)

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What is Ashirwad Steels & Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ashirwad Steels & Industries's interest expense for the three months ended in Mar. 2024 was ₹ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-0.63 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Ashirwad Steels & Industries's Operating Income for the three months ended in Mar. 2024 was ₹ -10.25 Mil. Ashirwad Steels & Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -0.07 Mil. Ashirwad Steels & Industries did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ashirwad Steels & Industries Interest Expense Historical Data

The historical data trend for Ashirwad Steels & Industries's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ashirwad Steels & Industries Interest Expense Chart

Ashirwad Steels & Industries Annual Data

Trend

Mar15

Mar16

Mar17

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Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.98

-0.52

-2.02

-0.24

-0.62

Ashirwad Steels & Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-	-0.06	-0.04	-0.46	-0.07

Ashirwad Steels & Industries Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-0.63 Mil.

Ashirwad Steels & Industries (BOM:526847) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ashirwad Steels & Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-0.07 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-10.25 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0.00 Mil.

Ashirwad Steels & Industries's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Ashirwad Steels & Industries did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Ashirwad Steels & Industries (BOM:526847) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashirwad Steels & Industries Ltd (BOM:526847) » Definitions » Interest Expense

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Address

6, Waterloo Street, 5th Floor, Suite No. 506, Kolkata, WB, IND, 700069

Website

https://www.ashirwadsteels.com

Ashirwad Steels & Industries Ltd is an Indian based company that operates in the sponge iron business. It is involved in the manufacturing of sponge iron using iron-ore and coal as the raw materials. The sponge iron is used as input by the steel melting shops to produce ingots and billets which are thereafter re-rolled by the rolling mills to produce end steel products like Rods, Bars, Plain Rounds, Angles, Flats, Channels, Girders and others. Geographically, the business activity is carried out through the region of India and derives revenue through the sale of products.

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